Latin America: Bright spots amid challenges

In our chat, Jeff outlines the benefits that many economies in the region derive from proximity to the US and Canada, but rising inflation, high debt, political polarisation, and uneven development are persistent challenges. He also enlightens us on some regional bright spots and success stories, including new technologies, discoveries, and policies that are sparking growth.

Key Takeaways:

• Political polarization and new leadership policy changes can exacerbate systemic challenges

• Monetary policies differ by country leadership; new leaders taking different approaches

• Proximity to the US and Canada as trading partners offers competitive advantage

• High exposure to the US dollar, dollar-denominated debt and rising inflation can hamper development

• New technologies, new discoveries, new policies spark growth and changing dynamics

This episode is part of our BRICS and Mortars Trilogy.

The emerging markets include some of the world’s most diverse and vibrant economies, and also some of the most challenged. But challenge often begets innovation. In our three-part series, we sat down with the regional leads of Corpay Cross-Border’s Emerging Markets practice. What they had to say may enlighten you – and surprise you.

Check out the other episodes in the series here:

• APAC: Innovation drives resilience, with Marky Ho, Regional Director, FXEM Asia Head

• Africa: A continent of contrasts, with Olivier Carrolaggi, Regional Director, EMEA, for Corpay FXEM

The opinions expressed on FX in Focus are those of the speakers only, and do not necessarily reflect the views of Corpay Inc.